NavPrakriti is set to invest over Rs 1 billion in a greenfield critical minerals refining facility in Odisha, which is expected to be operational by 2028-29.
The facility will process up to 5,000 tonnes per annum of end of life batteries and focus on recovery of lithium, cobalt and nickel. It has also been considered eligible under the National Critical Mineral Mission for extraction of these minerals, in line with efforts to strengthen domestic supply chains and reduce import dependence.